Potr 223 East 89Th Street LLC obtained financing of $7M from Ridgewood Savings Bank

Potr 223 East 89Th Street LLC as borrower signed a loan agreement with lender Ridgewood Savings Bank valued at $6.6 million for 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 20 residential units at 223 East 89 Street in Yorkville. The deal closed on June 28, 2019 and was recorded on July 22, 2019.
The property contains a total of 10,465 square feet of built space.
The average loan per unit is $330,000.
The last time the property sold was March 20, 2018, for $8,100,000.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $984,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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